Gold vs Bitcoin: Bitcoin Will Be Hacked By Supercomputers And Banned By Governments

October 19, 2019

In this interview Kerry Stevenson from Symposium discusses with Egon von Greyerz the deteriorating health of the global world economy. The root cause originates from deceitful governments, derivatives, money printing and too much debt.

Egon doubts Cryptos will be a saviour of the upcoming global melt down. Egon purports: Governments are likely to ban Cryptos, by shutting down the exchanges, also there is an increasing risk of Cryptos being hacked.

Beside that:

  • Gold price target: Today gold is incredibly cheap. Will go to levels nobody can imagine

  • Gold is currently as low as in 1970 or 2000, greatly unloved and undervalued

  • World economy will drown in a mass of problems, life insurance will be absolutely key in  coming years

  • Nobody saves anymore. Governments are destroying the value of money

  • End game will be the most massive implosion of debts and bond markets. All financial assets financed by debts will also implode

  • Risks today are exponentially higher than in 2008, we are now in the accelerating downtrend for currencies

  • Global banking system under tremendous pressure. German banks are all bankrupt. Massive money printing will be required to rescue them

  • Governments hate gold, as gold expresses their incompetence and reveals their deceits

  • Hacking Cryptos: Google’s supercomputers are soon able to decrypt Cryptos, which was deemed impossible a while ago

  • Cryptos, will never replace gold. Cryptos are not wealth preservation

Egon von Greyerz
Founder and Managing Partner
Matterhorn Asset Management
Zurich, Switzerland
Phone: +41 44 213 62 45

Matterhorn Asset Management’s global client base strategically stores an important part of their wealth in Switzerland in physical gold and silver outside the banking system. Matterhorn Asset Management is pleased to deliver a unique and exceptional service to our highly esteemed wealth preservation clientele in over 60 countries.
GoldSwitzerland.com
Contact Us

*********

Egon von Greyerz – Founder and Managing Partner of Matterhorn Asset Management (MAM) and GoldSwitzerland based in Zurich. Egon forecasted the present problems in the world economy already in 2002 when he recommended to investors to allocate 50% of assets into physical gold (at $300) stored outside the banking system. Egon began as a banker in Geneva and was thereafter Finance Director and Vice-Chairman of a FTSE 100 company in the UK.  He makes regular media appearances  on CNBC, BBC and King World News and speaks at investment conferences around the world. MAM (founded in 1999), specialises in wealth preservation. GoldSwitzerland buys, sells, transfers and stores physical precious metals for private investors and institutions outside the banking system. His website is www.goldswitzerland.com

Seventy-five percent of all gold in circulation has been extracted since 1910

Gold Eagle twitter                Like Gold Eagle on Facebook